Free Trial

Marginally Richer In Asia

US TSYS

TYH4 deals at 112-22+, -0-00+, a 0-05+ range has been observed on volume of 27k.

  • Cash tsys sit 1-2bps richer across the major benchmarks, light bull flattening is apparent.
  • Tsys are a touch firmer in Asia today, support in the space was seen after a bid in JGBs spilled over however the move didn't follow through. Tsys held richer dealing in narrow ranges for the majority of the session.
  • FOMC dated OIS now price ~90bps of cuts by November 2024.
  • Due today are the Richmond Fed Mfg Index and Dallas Fed Services Activity, we also have the latest 5-Year supply.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.